Results for Bank of Jamaica Fixed Rate Certificate of Deposit
BOJ 4.50% FR 30D – CD 20220318
Applications were opened on Wednesday, 16 March 2022 by Bank of Jamaica for the allocation of JMD 14,500,000,000.00 of BOJ 4.50% FR 30D-CD 20220318 through a competitive price auction. The issue date for the successful allotments is Friday, 18 March 2022.
The results from the auction are as follows:
| Instrument Name: BOJ 4.50% FR 30D – CD 20220318 | |
| Total Bids Received | 109 |
| Total Value of Bids Received | $19,203,900,000.00 |
| Total Offer Amount | $14,500,000,000.00 |
| Total Successful Bids | 78 |
| Total Allocated Bids | $14,500,000,000.00 |
| Average Yield for Successfully Allocated Bids: | 6.50% |
| Average Price for Successful Bids ($): | $99.83 |
| Lowest Submitted Bid Rate (%) / Amount (JMD) | 5.50% / $150,000,000.00 |
| Highest Submitted Bid Rate (%) / Amount (JMD) | 9.99%/ $100,000,000.00 |
| Highest Bid Rate for Full Allocation (%) / Amount (JMD) | 7.10% / $200,000,000.00 |
| Bid Rate for Partial Allocation | 7.18% |
| Partial Allocation Percentage | 96.10% |
The total nominal outstanding amount for the 30-day CDs on the settlement date – 18 March 2022, will be J$60,500,000,000.00
The next auction is scheduled for Wednesday, 23 March 2022.
